Conventional Loans
Conventional financing, including high-balance options permitted under the Middlesex County limit of $962,550.
Conventional loans →Home › Massachusetts › Chelmsford Mortgage Broker
Mortgage Broker In Chelmsford, MA
Buying, refinancing or investing in Chelmsford? We are a Massachusetts-licensed mortgage broker with a local office at 2 Omni Way, comparing loan programs across multiple wholesale lenders.
- Local Chelmsford office
- Licensed in Massachusetts
- Multiple wholesale lenders
Chelmsford and Middlesex County, as of September 2026
~$648K
Median sale price
19 days
Median time on market
$962,550
2026 conforming limit
$13.60
FY2026 tax rate per $1,000
Who we are
A mortgage broker with a real Chelmsford office
NextGen Mortgage is a mortgage broker serving Chelmsford, MA and Middlesex County from an office at 2 Omni Way, Office #2, Chelmsford, MA 01824. Unlike a bank that offers only its own mortgage products, a broker can compare programs and pricing across multiple wholesale lenders.
We work with first-time buyers, move-up families, veterans, self-employed borrowers and investors across Chelmsford, Lowell, Westford, Billerica and the surrounding Merrimack Valley towns.
NextGen Mortgage is a mortgage broker, not a direct lender.
We arrange financing rather than funding loans ourselves. That means we shop your file across our lender network instead of fitting you into one institution's guidelines.
Our Chelmsford office
Visit Our Chelmsford, MA Mortgage Office
Sit down with a loan officer in person, or start by phone. Both work.
- Office hoursMon–Fri 9:00am–6:00pm · Sat 9:00am–2:00pm
- AppointmentsWalk-ins welcome, scheduled meetings preferred
- ParkingFree on-site parking, ground-floor access
- Branch ID2725185
- LicensingMA Broker License #MB1621958 · NMLS #1621958
Broker or bank
Why Work With a Chelmsford Mortgage Broker Instead of One Bank?
A bank can only offer what a bank has. A broker shops your file.
| Bank or direct lender | NextGen Mortgage broker |
|---|---|
| One lender's programs | Multiple wholesale lenders |
| One underwriting framework | Ability to compare lender guidelines |
| Apply separately to each to compare | One broker relationship |
| Standard borrower focus | Conventional plus specialty options |
| Bank-employed loan officer | A broker working to place your loan |
NextGen Mortgage arranges financing and does not fund loans. Program availability, pricing and approval depend on lender guidelines and individual qualifications.
Market snapshot
Chelmsford Housing Market: What Buyers Should Know in 2026
Four numbers that shape what your Chelmsford pre-approval needs to cover.
| Measure | Figure | Source |
|---|---|---|
| Median sale price | ~$647,926 | Redfin, three months ending July 2026 — Chelmsford housing market |
| Median days on market | 19 days | Redfin, three months ending July 2026 |
| 2026 conforming loan limit, one unit | $962,550 | FHFA, Middlesex County |
| FY2026 property tax rate | $13.60 | Per $1,000 of assessed value — Town of Chelmsford tax classification hearing |
Chelmsford sits in the higher-cost Boston-area market but prices below neighboring Westford and much of Middlesex County. With a median around the mid-$600Ks and homes moving in roughly three weeks, most buyers here need a written pre-approval before they start touring.
Loan limits
2026 Mortgage Loan Limits in Chelmsford, MA
Chelmsford is in Middlesex County, which federal agencies treat as a higher-cost market.
| Property type | 2026 conforming limit |
|---|---|
| 1 unit | $962,550 |
| 2 units | $1,232,250 |
| 3 units | $1,489,500 |
| 4 units | $1,851,100 |
What that means for a Chelmsford buyer
HUD's 2026 data sets the Middlesex County one-unit FHA limit at $962,550, with higher limits on two- to four-unit properties.
Because Chelmsford is part of the Boston-area high-cost market, buyers can finance considerably more under conforming and FHA limits than borrowers in many lower-cost counties. With Chelmsford home prices around the mid-$600Ks, most homes here stay within conforming and FHA limits rather than automatically requiring jumbo financing.
Sources: FHFA 2026 conforming loan limits · HUD FY2026 loan limits
Loan options
Mortgage Options for Chelmsford Homebuyers
Start here, then talk to a loan officer about which one your file actually fits.
FHA Loans
Lower-down-payment financing with more flexible credit guidelines. The 2026 Middlesex County FHA limit is $962,550.
FHA loans →VA Loans
Zero-down financing for eligible veterans, service members and qualifying surviving spouses.
VA loans →Jumbo Loans
For loan amounts above the applicable conforming limit, which in Chelmsford means financing beyond $962,550 on a single-family home.
Purchase financing →First-Time Homebuyer Options
FHA, conventional low-down-payment programs, and guidance on Massachusetts assistance you may qualify for.
First-time buyer options →Refinance
Rate-and-term refinancing to change your payment or term, and cash-out refinancing to access equity.
Refinance loans →Investment Property & DSCR
Financing for rental and investment properties, qualified on property cash flow rather than personal income.
DSCR loans →Not Sure Which Fits?
A 15-minute call covers your credit, income, down payment and timeline. We will tell you which programs are realistic before you tour a single house.
Talk to a loan officer →
Massachusetts programs
First-Time Homebuyer Programs for Chelmsford Buyers
State assistance that Chelmsford buyers regularly qualify for.
Chelmsford buyers may also qualify for Massachusetts first-time buyer and down payment assistance programs. We can help you understand which financing options may apply to your situation.
The state's ONE Mortgage program offers qualifying first-time buyers a 30-year fixed mortgage with a 3% minimum down payment and no private mortgage insurance, subject to eligibility. MassHousing separately advertises down payment assistance of up to $30,000 for eligible borrowers across Massachusetts.
Income, purchase price and eligibility limits apply to both programs. They are administered by the Commonwealth of Massachusetts and MassHousing rather than by NextGen Mortgage.
| Program | Key term |
|---|---|
| ONE Mortgage | 3% down30-year fixed, no PMI, subject to eligibility (Mass.gov) |
| MassHousing assistance | Up to $30,000Down payment assistance for eligible borrowers (MassHousing) |
| FHA | 3.5% downMinimum down payment for qualifying credit profiles |
Affordability
What Should You Budget for When Buying in Chelmsford?
Your monthly payment is more than principal and interest. Here is everything that lands in it.
- Principal and interest — the loan itself
- Property taxes — billed by the Town of Chelmsford
- Homeowners insurance — required by every lender
- Condo or HOA fees — common in Chelmsford Center and North Chelmsford
- Mortgage insurance — on FHA loans and conventional loans under 20% down
- Closing costs — lender, title, recording and prepaid items
- Down payment — from 0% on VA to 20%+ on some programs
- Reserves — some programs require months of payments left after closing
Chelmsford property tax, worked through
Assessed value$650,000
FY2026 tax rate$13.60 per $1,000
Monthly equivalent~$737
Estimated annual property tax~$8,840
This is an illustration, not a quote. It excludes exemptions, abatements and future assessment changes, and does not reflect your loan terms. For a real payment estimate, request a pre-approval.
Service area
Serving Chelmsford and the Merrimack Valley
Our Chelmsford office serves buyers and homeowners across Middlesex County and the towns along the New Hampshire border.
- Chelmsford
- Chelmsford Center
- North Chelmsford
- South Chelmsford
- West Chelmsford
- Lowell
- Westford
- Billerica
- Tyngsborough
- Dracut
- Carlisle
- Middlesex County
A border-town advantage
Chelmsford sits minutes from the New Hampshire line, and plenty of our clients are comparing homes on both sides of it. We are licensed in Massachusetts and New Hampshire, so a buyer weighing Chelmsford against Nashua does not need two brokers.
Nearby: Nashua, NH · Manchester, NH · All of Massachusetts
Chelmsford at a glance
Chelmsford had an estimated 38,549 residents in 2025, and roughly 82.1% of housing units were owner-occupied in the 2020–2024 estimates — an unusually high ownership rate that shapes both inventory and how quickly listings move.
Source: U.S. Census Bureau QuickFacts
How it works
How Getting a Mortgage in Chelmsford Works
Five steps from the first phone call to the closing table.
-
Talk With a Mortgage Broker
We go through property type, income, credit and what you are trying to do. No credit pull is needed for the first conversation.
-
Compare Loan Options
We review the programs available through our lender network and show you which ones your file qualifies for and what each costs you monthly.
-
Get Pre-Approved
You receive a written pre-approval before making an offer. In a market where Chelmsford homes move in about 19 days, this is what makes your offer credible.
-
Complete Underwriting and Appraisal
Once you are under contract, the lender verifies your financials and orders an appraisal on the property. We handle the back-and-forth.
-
Close on Your Chelmsford Home
You sign, the loan funds, and you get the keys. We stay on the file through closing day rather than handing you to a processing queue.
Client reviews
What Chelmsford-Area Clients Say
Your loan officer
A Real Mortgage Team You Can Reach
One licensed professional, from the first call through closing day.
Founder & CEO
Mike Gill Jr.
Mike founded NextGen Mortgage in 2017, after starting his career at his family's brokerage. He leads a team that works with more than 30 banks and wholesale lenders, which is what lets a Chelmsford file get shopped rather than squeezed into one set of guidelines. Call him directly or email him — you will not be routed through a queue.
- NMLS#1621958
- MA broker license#MB1621958
- Chelmsford branch ID2725185
- Phone(877) 411-0123
- Email[email protected]
Questions
Chelmsford Mortgage Questions, Answered
Short answers first. Ask us anything that is not here.
Is there a NextGen Mortgage office in Chelmsford, MA?
Yes. NextGen Mortgage has an office at 2 Omni Way, Office #2, Chelmsford, MA 01824.
The branch is reachable at (877) 411-0123 and is open Monday through Friday, 9:00am to 6:00pm, and Saturday 9:00am to 2:00pm. You can meet a loan officer in person or start the process by phone.
What is the 2026 conforming loan limit in Chelmsford, MA?
The 2026 conforming loan limit for a one-unit property in Middlesex County, including Chelmsford, is $962,550.
Multi-unit limits are higher: $1,232,250 for two units, $1,489,500 for three units and $1,851,100 for four units. Loan amounts above the applicable limit are financed as jumbo loans.
What is the FHA loan limit in Chelmsford in 2026?
HUD's 2026 FHA limit for a one-unit property in Middlesex County is $962,550.
Because Chelmsford's median sale price sits around the mid-$600Ks, the great majority of single-family homes in town fall within that FHA limit rather than requiring jumbo financing.
How much down payment do I need to buy a home in Chelmsford?
It depends on the program: VA loans allow 0% down for eligible borrowers, FHA starts at 3.5%, and conventional programs start around 3% to 5%.
On a $650,000 Chelmsford home, 3.5% is roughly $22,750 and 5% is $32,500. Massachusetts down payment assistance may reduce what you bring to closing if you qualify. Your credit profile, debt-to-income ratio and property type all affect the minimum.
Can a mortgage broker compare multiple lenders for me?
Yes. That is the core difference between a broker and a bank.
A bank can only offer its own products and its own underwriting guidelines. As a broker, NextGen submits your file across a network of wholesale lenders and compares programs and pricing, so you are not applying separately to five institutions to find out who fits.
Are there first-time homebuyer programs available in Chelmsford?
Yes. Massachusetts first-time buyer programs, including ONE Mortgage and MassHousing down payment assistance, are available to eligible Chelmsford buyers.
ONE Mortgage offers a 30-year fixed loan with a 3% minimum down payment and no PMI, subject to eligibility. MassHousing advertises down payment assistance of up to $30,000 for eligible borrowers. Income and purchase-price limits apply, and both are administered by the Commonwealth and MassHousing. We can help you understand which options may apply to your situation.
Can I get pre-approved before finding a Chelmsford home?
Yes, and you should.
Chelmsford homes have been selling in roughly 19 days. A written pre-approval tells you your real budget, tells your agent which listings to show you, and makes your offer competitive against buyers who already have one.
Can self-employed borrowers get a mortgage in Chelmsford?
Yes. Self-employed borrowers can qualify through conventional and FHA programs, and through alternative documentation programs such as bank statement loans.
Standard programs generally look at two years of tax returns. Bank statement programs qualify income from 12 or 24 months of deposits instead, which often works better for business owners with significant write-offs. See bank statement loans.
Do you offer mortgage refinancing in Chelmsford?
Yes. NextGen arranges both rate-and-term and cash-out refinances for Chelmsford homeowners.
A rate-and-term refinance changes your rate or loan term. A cash-out refinance converts equity into funds for renovations, debt consolidation or other goals. Whether either makes sense depends on your current rate, remaining balance and how long you plan to stay. See refinance options.
Do you finance investment properties in Chelmsford?
Yes, including DSCR loans that qualify on the property's rental income rather than your personal income.
Middlesex County's multi-unit conforming limits — $1,232,250 for two units and $1,489,500 for three — also make small multifamily purchases in and around Chelmsford financeable without jumbo terms in many cases. See DSCR loans.
Quick reference
Chelmsford Mortgage Facts
Sourced figures for Chelmsford, Middlesex County, Massachusetts.
- County
- Middlesex County, MA
- 2026 conforming limit, one unit
- $962,550FHFA
- 2026 FHA limit, one unit
- $962,550HUD
- FY2026 property tax rate
- $13.60 per $1,000Town of Chelmsford
- Recent median sale price
- ~$647,926Redfin, 3 months ending July 2026
- Median days on market
- 19 daysRedfin
- NextGen Chelmsford office
- 2 Omni Way, Office #2Chelmsford, MA 01824
Last reviewed: September 2026
Reviewed by: Mike Gill Jr., NMLS #1621958
Get Pre-Approved With a Chelmsford Mortgage Broker
A written pre-approval tells you what you can actually afford, strengthens your offer, and saves weeks once you find the right house. Start it today, in person at 2 Omni Way or over the phone.
Chelmsford office · Licensed in Massachusetts · Multiple wholesale lenders · Purchase & refinance
NextGen Mortgage, Inc. is a mortgage broker. We arrange loans with third-party wholesale lenders and do not make loans or commitments to lend. All loans are subject to credit approval, property appraisal and lender guidelines. Rates, programs and terms are subject to change without notice. Figures shown on this page are illustrations, not quotes or offers of credit. Equal Housing Opportunity.